The secretary general of the Organisation for Economic Co-operation and Development (OECD) told CNBC he is all for the Federal Reserve's move to scale back its $85 billion per month bond buying program.

Unemployment will likely soar further in the group of 20 major economic powers without immediate action, the Director General of the International Labor Organization told CNBC on Friday, comparing the jobs crisis to the 2008-2009 financial crisis.

Analysts at Citi on Friday released a note to warn of their "neutral" rating on top-performing banking stock, offering alternative investing advice and telling investors to stay away from the "love-in".

British aviation investigators identified an emergency beacon made by Honeywell International as a likely source of last week's blaze on a Boeing Co 787 Dreamliner and called for it to be turned off, spurring a rally in Boeing shares.